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TVA invested $430 million to set up its system and enhance the reliability of its natural gas, coal and hydro-generating fleet, which includes thousands of winter readiness activities, according ...
TVA initially wanted to close all of its coal power plants by 2035. Not anymore. The energy supplier is reconsidering due to growth in the region and the amount of power AI requires to operate.
In 2023, TVA announced that the coal plant would be retired by 2028. As of July 2025, the plant is scheduled to close in 2026 as TVA continues its move to natural gas.
This is TVA’s fifth offering of new bonds and other long-term securities within the past year, which has seen TVA raise $5.8 billion in long-term funding.
TVA raises rates, ends pandemic credits as higher inflation, interest rates and power demand push up costs August 24, 2023 at 6:33 p.m. | Updated August 24, 2023 at 7:30 p.m. by Dave Flessner ...